Land Securities Group PLC Director/PDMR Shareholding (3718D)

TIDMLAND

RNS Number : 3718D

Land Securities Group PLC

25 June 2019

Land Securities Group PLC

(Company)

Notification of transactions by

Persons Discharging Managerial Responsibilities (PDMRs)

On 25 June 2019, Land Securities Group PLC (Landsec or the Company) was notified of the following transactions in its ordinary shares of 10 2/3p each (Shares) by two PDMRs (who are both Executive Directors).

On 25 June 2019, Nil Cost Options (Options) granted under the Company's Deferred Share Bonus Plans (DSB) on 25 June 2018 to the PDMRs listed below vested and became exercisable as shown below following the conclusion of the holding period.

   Name                                                      25 June 2018 DSB 

Exercisable between

25 June 2019 and 25 June 2023

   Martin Greenslade               21,288 
   Robert Noel                         32,705 

This amount includes dividend equivalents accrued during the holding period, save for the final dividend in respect of the 2018/19 financial year which requires shareholder approval at the Company's AGM in July. A further announcement will be made in respect of the final dividend equivalent in due course.

The LTIP awards granted on 27 June 2016 did not meet the performance conditions and lapsed in full for all participants.

 
  1    Details of the person discharging managerial responsibilities 
      ------------------------------------------------------------------------ 
 a)    Name                                     Martin Greenslade 
      --------------------------------------  -------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------ 
 
 a)    Position/status                         Chief Financial Officer 
      --------------------------------------  -------------------------------- 
 
 b)    Initial notification/Amendment          Initial 
      --------------------------------------  -------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                                     Land Securities Group 
                                                 PLC 
      --------------------------------------  -------------------------------- 
  4    Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------ 
 a)    Description of the financial 
        instrument, type of instrument           *    Shares 
        Identification code 
---- 
 
                                                 *    GB00BYW0PQ60 
----  -------------------------------------- 
 b)    Nature of transaction                   Vest of Options granted 
                                                under the Company's Deferred 
                                                Share Bonus Plan on 25 
                                                June 2018. 
      --------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s)                  Price(s)             Volume(s) 
      --------------------------------------  -------------------  ----------- 
 
                                               GBPn/a               21,288 
 -------------------------------------------  -------------------  ----------- 
 d)    Aggregated information 
 
       - Aggregated volume                     - GBP per 
                                                share 
                                                n/a 
       - Price                                  - Total Price 
                                                 GBPn/a 
      -------------------------------------- 
 e)    Date of the transaction                  25/06/2019 
      --------------------------------------  -------------------------------- 
 f)    Place of the transaction                 n/a 
      --------------------------------------  -------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities 
      ------------------------------------------------------------------------ 
 a)    Name                                    Robert Noel 
      --------------------------------------  -------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------ 
 
 a)    Position/status                         Chief Executive 
      --------------------------------------  -------------------------------- 
 
 b)    Initial notification/Amendment          Initial 
      --------------------------------------  -------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------ 
 a)    Name                                     Land Securities Group 
                                                 PLC 
      --------------------------------------  -------------------------------- 
  4    Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------ 
 a)    Description of the financial 
        instrument, type of instrument           *    Shares 
        Identification code 
---- 
 
                                                 *    GB00BYW0PQ60 
----  -------------------------------------- 
 b)    Nature of transaction                   Vest of Options granted 
                                                under the Company's Deferred 
                                                Share Bonus Plan on 25 
                                                June 2018. 
      --------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s)                  Price(s)             Volume(s) 
      --------------------------------------  -------------------  ----------- 
 
                                               GBPn/a               32,705 
 -------------------------------------------  -------------------  ----------- 
 d)    Aggregated information 
 
       - Aggregated volume                     - GBP per 
                                                share 
                                                n/a 
       - Price                                  - Total Price 
                                                 GBPn/a 
      -------------------------------------- 
 e)    Date of the transaction                  25/06/2019 
      --------------------------------------  -------------------------------- 
 f)    Place of the transaction                 n/a 
      --------------------------------------  -------------------------------- 
 

Enquiries to: Tim Ashby, Group General Counsel and Company Secretary

Land Securities Group PLC

Tel: [phone]

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END

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June 25, 2019 07:41 ET (11:41 GMT)